Vinyl Acetate Monomer Weekly Report 09 June 2018

Weekly Price Trend: 04-06-2018 to 08-06-2018

• The graph above focuses on the Vinyl Acetate Monomer price trend for the current week.
• Prices have reduced slightly in domestic market on back of improved supply coupled with slight stable in the prices of Acetic Acid.
• By end of the week prices were assessed around Rs.108/Kg for Kandla port and for Mumbai port.

Booking Scenario

The above chart shows the international prices for Vinyl Acetate Monomer. International prices of VAM increased heavily again for this week. VAM with zero duty was available at USD 1350/MT in for traders.
INDIA & INTERNATIONAL

• VAM prices were assessed at the level of Rs.108/Kg at Kandla and Mumbai port bulk quantity.
• With improvement supply in of chemical, domestic prices has now become more stable and viable.
• Earlier the constant delay in the shipments from Singapore and Taiwan since April has led to shortage of the chemical. The manufacturers are unable to fulfill their commitments as there is constant shortage of feedstock Acetic Acid. Now the major suppliers are first catering to their domestic market in Asian subcontinent. So many believe to import it from American market.
• This week oil prices have followed volatile trend. On Thursday oil prices surged due to concern about a steep drop in exports from Venezuela and concerns OPEC may not raise production at its meeting this month.
• On Thursday, closing crude values have increased. WTI on NYME closed at $65.95/bbl; prices have increased by $1.22/bbl in compared to last closing prices. While Brent on Inter
• Continental Exchange increased by $1.96/bbl in compare to last closing price and was assessed around $77.32/bbl.
• As per report, Crude prices got an early lift on concerns about exports from Venezuela. Gains grew while OPEC would focus on balancing the market rather than on rolling back production caps.
• The OPEC and other producers including Russia have cut output since 2017 to reduce a global crude glut. The group meets in Vienna on June 22 to discuss its supply policy. Market players said that to maintain the balance between supply and demand to ensure the stability of the oil markets matters to us.

$1 = Rs. 67.50
Import Custom Ex. Rate USD/ INR: 67.85
Export Custom Ex. Rate USD/ INR: 66.15